Univar Solutions Inc. reported a fall in profit for the fourth quarter and full year of 2019. The results were impacted by reduced demand in global industrial markets. In the fourth quarter, the company reported sales of $2.2 billion, up 9.3% compared to the prior year quarter. The company reported a loss of $55.1 million, … Read more
Versalis, Eni’s chemical company, has acquired 40% of Finproject, the Italian leader in the compounding sector and the production of ultralight products, from the VEI Capital fund. The move was intended with the aim of creating value by integrating the respective production chains. This strategic operation will create a new industrial platform that leverages the … Read more
Vinnolit GmbH & Co. KG, a chlor-alkali and vinyls manufacturer announced the completion of expansion work at its paste PVC plant in Burghausen, Germany, and will use microsuspension technology to produce PVC with more flexible properties. “In Burghausen, we are now additionally producing with the microsuspension process, which we have already successfully used at our … Read more
Westlake Chemical Corporation saw lower profits in the fourth quarter of 2019, hurt by reduced global sales prices for its major products. The chemical maker posted a profit of $72 million down around 41% from $123 million it earned in the prior-year quarter. Decrease in profit was attributed to lower global sales prices for key … Read more
India’s Jindal Poly Films doubled its profit growth in the third quarter on strong packaging films margins. Net profit of Jindal Poly Films rose 120.90% to Rs 120.81 crore ($17 million) in the quarter ended December 2019 as against Rs 54.69 crore ($7.6 million) during the previous quarter ended December 2018. Sales rose 12.13% to … Read more
Shintech Louisiana LLC, the US subsidiary of Tokyo-based Shin-Etsu Chemical Co. Ltd.’s Shintech Inc., announced the start of production at its ethylene plant in Plaquemine, Louisiana. The 500,000-tonnes per year plant started producing ethylene as of Feb. 13, project contractor Toyo Engineering Corp. and subsidiary Toyo USA Inc. said. Earlier this month in a conference … Read more
Ascend Performance Materials, an integrated polyamide (PA) 66 supplier, has signed an agreement to purchase Poliblend and Esseti Plast GD from D’Ottavio Group. The acquisition includes a manufacturing facility in Mozzate, Italy, the masterbatch portfolio of Esseti Plast GD and the engineering plastics portfolio of Poliblend, which consists of virgin and recycled grades of PA … Read more
INEOS and UPM Biofuels announced a long-term agreement to supply a renewable raw material for new and innovative bio-attributed polymers to be produced at INEOS Köln, Germany. INEOS will use UPM BioVerno, a sustainable raw material from a renewable residue of wood pulp processing, to produce bio-attributed polyolefins. These new sustainable materials will be used … Read more
Reliance Industries Ltd (RIL) is planning to expand Dahej Manufacturing Division (DMD), a petrochemical and downstream manufacturing unit, with an investment of Rs 5,100 crore ($700 million). “Dahej petrochemical manufacturing facility is proposing to set up the new plants and facilities, which includes manufacturing of Ethylene Dichloride (EDC), CHDM, PET-G, establishing New incinerator in VCM … Read more
Advansa GmbH, manufacturer of polyester fibers announced on January 29 that PT Asia Pacific Fibers will acquire all the assets of Advansa GmbH as well as the other relevant companies of the Advansa Group. Advansa Marketing GmbH, Hamm, as well as Bergers Technik und Maschinenbau GmbH, Hamm, among others will be included under the deal. … Read more
DOMO Chemicals, a leading producer of engineering materials announced that the company has completed its acquisition of Solvay’s Performance Polyamides Business in Europe. The acquired business includes Engineering Plastics operations in France and Poland; High Performance Fibers in France; Polymer and Intermediates operations in France, Spain and Poland. The agreement also involves a joint venture … Read more
Celanese Corporation, a global chemical and specialty materials company, and Nouryon today announced they have signed an agreement for Celanese to acquire Nouryon’s redispersible polymer powders business offered under the Elotex brand (Elotex business). As part of the acquisition, Celanese will acquire all of Nouryon’s global production facilities for redispersible polymer powders across Europe and … Read more
Celanese Corporation announced preliminary plans to expand its emulsion polymers derivatives business to extend the value of its global acetyl chain. “Building on a commitment to our global customer base to be the partner of choice by solving their most critical needs, Celanese will begin key investments in facility expansions as well as expand on … Read more
Turkey and Algeria will jointly establish a petrochemicals plant in Adana on the Mediterranean coast, Algerian Energy Minister Mohammed Arkab told state-run Anadolu Agency. Turkey’s Rönesans Holding and Algeria’s state-owned energy company Sonatrach will take part in the project, Arkab said on the margins of the Turkey-Algeria Business Forum. The petrochemical facility is estimated to … Read more
Johns Manville (JM), a global building and specialty products manufacturer and a Berkshire Hathaway Company, announced its plans to build a polyisocyanurate production plant in Hillsboro, Texas. “This expansion south of Dallas/Fort Worth, in an area where construction is surging, will increase availability of our premium products to customers throughout the region,” said Mary Rhinehart, … Read more
Formosa Plastics Corporation, U.S.A. continues its progress on the construction and startup of expansion units at Point Comfort, Texas site. The 1.5 million-MT per year cracker has come online and was seen ramping up through January. The 400,000-MT per year LDPE unit is in the commissioning stages, with initial start-up expected in April 2020. The … Read more
BASF SE announced a single-digit million-euro investment to increase capacity of water-based polyurethane dispersions at its Castellbisbal site in Spain. The expansion will allow BASF to increase its production capacity by 30%. “We want to continue to provide our customers with high-quality polyurethane dispersions and help them grow by ensuring supply reliability. Considering the rising … Read more
Covestro A.G. is delaying work to expand its MDI plant in Baytown, a move that will halt work on the MDI-500 project for 18-24 months. In a Jan. 21 news release about the decision the company cited “challenging global market dynamics” for the halt. However, it stressed that there were no plans to leave the MDI … Read more
Showa Denko K.K. (SDK) has decided to terminate operation of its production lines to synthesize unsaturated polyester resin (UP) and vinyl ester resin (VE) at Isesaki Plant by the end of June 2021. The company will concentrate domestic production of UP and VE at Tatsuno Plant in order to improve profitability of its UP and … Read more
Avangard Innovative LP, a specialist in waste optimization technology reached an agreement to supply Dow with post-consumer resin (PCR) plastic film pellets. The deal will be a significant addition to Dow’s plastic circularity portfolio that is aligned with the company’s goal to advance the circular economy for plastics and minimize waste in the environment. The … Read more